| Havering School Wear London Ltd |
|
| Report to the director on the preparation of the unaudited statutory accounts of Havering School Wear London Ltd for the year ended 31 December 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Havering School Wear London Ltd for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| S.ASGHAR & CO |
| Chartered Certified Accountants |
| 85 Station Road |
| Harrow |
| London |
| HA2 7SW |
|
| 31 March 2026 |
|
| Havering School Wear London Ltd |
| Registered number: |
07459604 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
65,700 |
|
|
65,700 |
| Tangible assets |
4 |
|
|
35,573 |
|
|
37,423 |
| Investments |
5 |
|
|
3,750 |
|
|
3,750 |
|
|
|
|
105,023 |
|
|
106,873 |
|
| Current assets |
| Stocks |
|
|
183,500 |
|
|
161,000 |
| Debtors |
6 |
|
32,858 |
|
|
34,877 |
| Cash at bank and in hand |
|
|
43,584 |
|
|
45,577 |
|
|
|
259,942 |
|
|
241,454 |
|
| Creditors: amounts falling due within one year |
7 |
|
(132,138) |
|
|
(103,896) |
|
| Net current assets |
|
|
|
127,804 |
|
|
137,558 |
|
| Total assets less current liabilities |
|
|
|
232,827 |
|
|
244,431 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(43,975) |
|
|
(75,254) |
|
|
|
| Net assets |
|
|
|
188,852 |
|
|
169,177 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
188,752 |
|
|
169,077 |
|
| Shareholder's funds |
|
|
|
188,852 |
|
|
169,177 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Mr Riaz Mahmood |
| Director |
| Approved by the board on 31 March 2026 |
|
| Havering School Wear London Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover includes revenue earned from the sale of schoolwear clothing, net of discounts and value added taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer Equipments |
18 % Reduce Line |
|
Fixtures, fittings and equipment |
18 % Reduce Line |
|
Motor Vehicles |
18 % Reduce Line |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
22 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 January 2025 |
73,000 |
|
At 31 December 2025 |
73,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2025 |
7,300 |
|
At 31 December 2025 |
7,300 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
65,700 |
|
At 31 December 2024 |
65,700 |
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Computer Equipment |
|
Fixture, Fittings & Equipments |
|
Motor vehicles |
|
Total |
Total |
| £ |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
7,575 |
|
87,427 |
|
19,608 |
|
114,610 |
|
Additions |
692 |
|
5,266 |
|
- |
|
5,958 |
|
At 31 December 2025 |
8,267 |
|
92,693 |
|
19,608 |
|
120,568 |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
5,661 |
|
57,734 |
|
13,792 |
|
77,187 |
|
Charge for the year |
469 |
|
6,292 |
|
1,047 |
|
7,808 |
|
At 31 December 2025 |
6,130 |
|
64,026 |
|
14,839 |
|
84,995 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
2,137 |
|
28,667 |
|
4,769 |
|
35,573 |
|
At 31 December 2024 |
1,914 |
|
29,693 |
|
5,816 |
|
37,423 |
|
|
|
| 5 |
Lease Cost |
| Lease Cost |
Lease Cost |
| £ |
£ |
|
Cost |
|
At 1 January 2025 |
3,750 |
|
|
At 31 December 2025 |
3,750 |
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
17,233 |
|
19,252 |
|
Other debtors |
15,625 |
|
15,625 |
|
|
|
|
|
|
32,858 |
|
34,877 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
20,349 |
|
21,349 |
|
Diretor's Loan account |
|
98,395 |
|
73,304 |
|
Corporation tax |
6,522 |
|
6,448 |
|
Other taxes and social security costs |
5,577 |
|
355 |
|
Other creditors |
1,295 |
|
2,440 |
|
|
|
|
|
|
132,138 |
|
103,896 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
24,973 |
|
48,704 |
|
Obligations under finance lease and hire purchase contracts |
19,002 |
|
26,550 |
|
|
|
|
|
|
43,975 |
|
75,254 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
Mr. Riaz Mahmood is a director and shareholder of the company and manages day to day operations of Havering School Wear London Ltd. |
|
|
| 10 |
Other information |
|
|
Havering School Wear London Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
160-162 Hornchurch Road |
|
Hornchurch |
|
England |
|
RM11 1QH |
|
|
| 9 |
Shareholding |
2025 |
|
2024 |
| £ |
£ |
|
|
|
|
|
|
No of Shares |
|
No of Shares |
|
Mr Riaz Mehmood (Director) |
38 |
|
38 |
|
Mrs Jasmine Mahmood |
37 |
|
37 |
|
Mrs. Saima Mahmood |
25 |
|
25 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|